A Team With A Vi­sion And Pas­sion For Ex­e­cu­tion

Septem­ber 2019, marked yet an­other his­toric mile­stone in the ever-evolv­ing story of the Ac­cess group of com­pa­nies, which are now of­fi­cially con­sol­i­dated un­der a sin­gle hold­ing struc­ture.

Forbes Middle East - - GLOBAL MEETS LOCAL - www.ac­cess-power.com

Hold­ing com­pany (Ac­cess Hold­ing Lim­ited) has an­nounced that it has com­pleted the con­sol­i­da­tion of its three busi­nesses: Ac­cess Power Lim­ited, Ac­cess Fu­ture Met­als Hold­ing Lim­ited, and Ac­cess Real Es­tate Lim­ited. As an out­come of the re­struc­tur­ing, Ac­cess Hold­ing Lim­ited is ex­pected to book a net as­set value of be­tween $300 mil­lion and $350 mil­lion.

Be­yond the con­sol­i­da­tion, and yet an­other suc­cess, Ac­cess Power Lim­ited has com­pleted the sale of 334 MW of its power as­sets that are in op­er­a­tion or un­der con­struc­tion. This is in­line with its strat­egy to max­i­mize cap­i­tal gains by fo­cus­ing on the de­vel­op­ment of power as­sets (the most lu­cra­tive part of the value chain in this as­set class). This sale marks the third suc­cess­ful exit for Ac­cess Power in eight years, adding to its en­vi­able track record. Ac­cess Power will now fo­cus all of its re­sources to­wards the de­vel­op­ment of its 750 MW pipe­line of power as­sets lo­cated in sev­eral emerg­ing mar­kets.

As the world moves to­wards more sus­tain­able en­ergy so­lu­tions, the de­mand for green and clean en­ergy is con­stantly in­creas­ing, lead­ing to a rapid growth in the pro­duc­tion of elec­tric ve­hi­cles around the world. The fu­ture will inevitably be elec­tric. With a strong vi­sion, pas­sion and drive for sus­tain­abil­ity, Ac­cess Fu­ture Met­als Hold­ing Lim­ited is po­si­tion­ing it­self to pro­vide a gate­way for bat­tery man­u­fac­tur­ers to have ac­cess to the min­er­als used in the pro­duc­tion of en­ergy stor­age de­vices at the low­est prices pos­si­ble. Which will in turn en­able a more rapid move to­wards elec­tric cars and elec­tric­ity stor­age.

Af­ter set­ting up a hold­ing sub­sidiary in Switzer­land, Ac­cess Fu­ture Met­als Hold­ing Lim­ited says it is now con­tem­plat­ing an ini­tial pub­lic of­fer­ing. A min­ing com­pany solely ded­i­cated to ex­plo­ration, de­vel­op­ment and the min­ing of en­ergy min­er­als that go into the value chain of the ev­er­ex­pand­ing bat­tery in­dus­try, the com­pany says it has 10 ex­plo­ration/min­ing li­censes across Africa and Asia (mainly fo­cused on Lithium and Cobalt prospects). The com­pany ex­pects to soon an­nounce the com­ple­tion of a fea­si­bil­ity study and ex­plo­ration stage of its first min­ing as­set.

On the real es­tate side, Ac­cess Real Es­tate Lim­ited con­tin­ues to be bullish on the Dubai mar­ket both for res­i­den­tial and com­mer­cial prop­er­ties. The com­pany has also now started its foray into in­ter­na­tional mar­kets and real es­tate de­vel­op­ment. It ex­pects to make its first ma­jor in­ter­na­tional in­vest­ments in Spain, Greece and Por­tu­gal.

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